Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, December 15, 2011

SP 500 Technical Analysis 2011.12.15

SP500 bounces off a main support zone in what can turn into a move of breaking previous highs in the $1,270 area.

The chart is very explicit and the previous analysis ( http://markettechnicalview.blogspot.com/2011/12/christams-rally-on-s.html ) is confirmed.

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